16355 Category. 1  Wood & Nylon Tip Drum Sticks (407) 2  Drum Stick Pre-Packs (69) 3  Marching Drum Sticks (56)  Concert Drum Sticks 1  (19) Timbale Drum Sticks 2  (16) Composite Drum Sticks  (11)
The key difference between the law of diminishing returns and decreasing returns to scale is that the. former is in the short run, where at least one factor of production is ï¬xed, whilst the latter is in the long. run, where all factors of production/ inputs can be varied. As seen on the diagram below, long run.
View Full Document. Diminishing marginal returns occur when the marginal gain in output diminishes as each additional unit of input is added. The term constant returns to scale describes a situation where expanding all inputs does not change the average cost of production . If a firm is experiencing decreasing returns to scale , then as the quantity of output rises, the average cost of production rises.